Insurance

Company Overview of Adriatic Slovenica, Zavarovalna druzba d.d.

Company Overview

Adriatic Slovenica, Zavarovalna druzba d.d. provides insurance products and services. It offers life, motor third party liability, fire and natural hazards, general liability, accident, credit, and surety ship insurance products. The company was founded in 1990 and is based in Koper, Slovenia with an office in Italy; and operations in Slovenia, the Czech Republic, and Hungary. Adriatic Slovenica, Zavarovalna druzba d.d. operates as a subsidiary of KD Group, financna druzba, d. d.

Adriatic Slovenica, Zavarovalna druzba d.d. Key Developments

Public Invitation To Express Interest In Acquisition Of Zito Stake

Sep 16 14

Slovenian Sovereign Holding, d.d. (SSD) is planning to sell majority stake in Zito Prehrambena Industrija d.d. (LJSE:ZTOG). SSD has invited expression of interests for sale of a 51.6% stake in Zito. Modra Zavarovalnica D.D. - Prvi Pokojninski Sklad, Slovenski Drzavni Holding, D.D., Ljubljana, funds of KD Skladi druzba za upravljanje, d.o.o., ADRIATIC SLOVENICA Zavarovalna druzba d.d., KD Kapital, financna druzba, d. o. o., and funds of NLB Skladi, Upravljanje Premozenja, d.o.o. are the sellers. The sales process will be run as a two-round process with the submission of indicative offers in Phase I and the submission of binding offers in Phase II following due diligence of Zito. The deadline for the submission of indicative offers by interested parties is not later than 14:00 Central European Time on October 31, 2014. In the Phase II of the sales process, selected bidders will be invited to conduct due diligence on the Company before submitting binding offers. Both domestic and foreign legal entities and natural persons may participate in the sales process. Erste Group Bank AG (WBAG:EBS) and P&S CAPITAL Ltd. are acting as financial advisors for sellers.

Adriatic Slovenica Mulls Acquisitions

Dec 10 13

ADRIATIC SLOVENICA Zavarovalna druzba d.d. is looking for acquisition opportunities. "We expect only moderate growth in the companies’ premium income due to the economic crisis, which is why we are looking for attractive acquisition targets that will enable portfolio growth", Gabrijel Skof, President of the management Board of Adriatic Slovenica said in an interview for the 2013 edition of the SeeNews TOP 100 SEE ranking.

SOD Calls Advisors For Zito Sale

Nov 13 13

Slovenska odskodninska druzba, d. d. said that it has called on 15 domestic and international financial institutions to bid for the contract to advise the sale of a 50.7% stake in Zito Prehrambena Industrija d.d. (LJSE:ZTOG). In October 2013, Slovenska odskodninska decided as part of a consortium that collectively owns 50.7% of Zito to put up for sale their shares. The consortium includes ADRIATIC SLOVENICA Zavarovalna druzba d.d.; KD Kapital, financna druzba, d. o. o.; KD Skladi druzba za upravljanje, d.o.o.; and Modre zavarovalnica , d. d.

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